Business

Ford is cutting EV production targets and doubling down on hybrids as consumer demand for plug-in and traditional hybrids outpaces electric vehicle sales.

Warren Buffett steps down as Berkshire CEO, leaving Greg Abel a $347 billion cash pile and a company defined by decades of patient capital discipline.

HSBC is selling off Western retail units and narrowing its focus to Asia wealth management. Here's what the strategy actually means and where the risks lie.

Amazon's Project Kuiper is moving from announcements to actual hardware in orbit, putting direct pressure on SpaceX Starlink's dominant satellite broadband position.

Stripe is reportedly revisiting IPO plans as fintech valuations recover. Here's what's driving the timing and what's still standing in the way.

Pfizer is spending its Covid windfall on oncology acquisitions, betting ADC cancer drugs can replace fading Paxlovid revenue before the debt load becomes a crisis.

Novo Nordisk is restructuring as patent threats to Ozempic mount, signaling a strategic shift to protect revenue and accelerate next-generation GLP-1 development.

Uber faces mounting court losses across Europe over driver classification, as rulings in the UK, France, Spain, and the Netherlands build toward an EU-wide reckoning.

Deutsche Bank is quietly expanding its U.S. private credit operations, integrating direct lending into existing corporate banking infrastructure to compete with established alternative lenders.

Morgan Stanley is expanding wealth management services into the middle market, targeting clients with $250K-$5M in assets through digital tools, hybrid advice models, and its E*Trade platform.